CHARLOTTE, N.C. — A new chapter is beginning for Charlotte-grown restaurant chain Bojangles’ Inc., which announced yesterday that its acquisition by Durational Capital Management and The Jordan Co. is complete.
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Immediate changes include new leadership for the brand, with two former McDonald’s Corp. executives tapped for top-ranking positions.
The firms, both based in New York, announced in November their intention to acquire Bojangles’ for $16.10 per share, an all-cash deal that analysts contacted by CBJ valued at more than $700 million.
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Jose Armario has been named chief executive, succeeding interim CEO Randy Kibler. Armario’s background includes 38 years of senior leadership experience with such high-profile brands as McDonald’s, Burger King and Luxottica Group.
In addition, Brian Unger has been named chief operating officer for Bojangles’. His 30-year career in the restaurant business has included time at McDonald’s as well as Einstein Noah Restaurants Group Inc. and Long John Silver’s.
Read more here.
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